- Charlotte-based manufacturer JELD-WEN announced it will lay off 850 employees across North America following a $378 million net operating loss in Q3 2025.
- The cuts represent about 11% of its North American and corporate workforce, though specific locations and timing were not disclosed.
- The company will conduct a strategic review of its European business as part of an effort to optimize its portfolio and improve long-term performance.
- This marks JELD-WEN’s second round of layoffs in 2025, after previously closing an Iowa factory in March and other U.S. plants in 2024.
- CEO William Christensen attributed the downturn to market headwinds, higher material and labor costs, tariffs, and weak housing demand.
Source: https://www.charlotteobserver.com/news/business/article312787843.html